First Merchants Bank Promotions
Referral Program - Up to $500 Bonus
Earn $50 Mastercard® Reward Card for every referral who successfully opens a qualifying personal checking account, and completes all qualifying requirements. You can earn up to $500 per calendar year.
Compare Promotions
Bank of America Advantage Banking - Up to $500 Cash Offer
- The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 05/31/2026.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
Cash Bonus Total Qualifying Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
First Merchants Bank Offers You May Have Missed
Don't miss another hot deal. Check back often at CreditDonkey.
Business Checking Account - $750 Bonus
Open a new Basic Business Checking account. Enroll in the “BUS2025 Checking Offer” through an FMB banker. Deposit a total of at least $15,000 within the first 7 calendar days of account opening. Maintain a monthly average collected balance of $5,000 or pay a $20 monthly service fee.
Personal Checking Account - $500 Bonus
Open a new Advantage Checking account. Use promo code SOCIAL25-2 at account opening. Earn $500 by setting up and completing one qualifying payroll Direct Deposit of $500 or more in the first 90 days of account opening.
Personal Checking Account - $300 Bonus
Open a new Advantage Checking account. Use promo code SOCIAL25 Checking Offer at account opening. Complete the following monthly requirements for 3 months following the account opening date: make 15 debit card transactions or payments of at least $10 each, maintain a minimum daily balance of $1,500 or more, and set up and receive one qualifying payroll direct deposit of $500 or more.
Personal Checking Account - $250 Bonus
Open a new First Merchants Advantage Checking account. Use promo code ATM250 Checking Offer when opening in a branch or promo code ATM250 when opening online. Complete 10 or more qualifying debit card transactions or payments of at least $10 per month for the first 3 months after account opening. Set up and receive one qualifying direct deposit of $500 or more per month for the first 3 months after account opening.
Personal Checking Account - $400 Bonus
Open a new First Merchants Elite Checking account. Use promo code BANKOFFERS0722 at account opening. Establish at least 1 direct deposit of $500 or more, and complete 15 debit card transactions within 60 days of account opening.
Personal Checking Account - $200 Bonus
Open a new First Merchants Advantage Checking account. Use promo code BANKOFFERS0722 at account opening. Establish at least 1 direct deposit of $500 or more, and complete 15 debit card transactions within 60 days of account opening.
Personal Checking Account - $200 Bonus
Open a new First Merchants First Direct Checking account. Use promo code BANKOFFERS0722 at account opening. Establish at least 1 direct deposit of $500 or more, and complete 15 debit card transactions within 60 days of account opening.
Personal Checking Account - $50 Bonus
Open a new First Merchants Simple Access Checking account. Use promo code BANKOFFERS0722 at account opening. Establish at least 1 direct deposit of $500 or more, and complete 15 debit card transactions within 60 days of account opening.
Personal Checking Account - $50 Bonus
Open a new First Merchants Carefree Checking account. Use promo code BANKOFFERS0722 at account opening. Establish at least 1 direct deposit of $500 or more, and complete 15 debit card transactions within 60 days of account opening.
Personal Checking Account - $400 Bonus
Open a new First Merchants Elite Checking account. Use promo code BANKOFFERS at account opening. Establish at least 1 direct deposit of $500 or more, and complete 15 debit card transactions within 60 days of account opening.
Information sourced from the published website as of 02/26/2026.
First Merchants Bank Alternatives
Bank of America® Business Advantage Banking - $400 or $750 Cash Bonus Offer
- The $400 or $750 cash bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new eligible business checking customers only.
- Offer expires 12/31/2026.
- To qualify, open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account through the promotional page and deposit New Money* directly into that new eligible account within thirty (30) days of account opening (“Deposit Period”). At the
end of the Deposit Period, all New Money deposits made directly into new eligible Business Advantage Banking account will be totaled to determine which Balance Requirement you have met and which corresponding Cash Bonus Tier you
are eligible for.
Balance Requirement Cash Bonus Tier $5,000 $400 $15,000 $750 - Maintain a daily balance in that new Business Advantage Banking account that meets the applicable Balance Requirement during the Maintenance Period**
- After you satisfy all of the requirements, Bank of America will attempt to deposit your earned bonus directly into your new eligible Bank of America Business Advantage Banking account within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *New Money is new funds deposited into your Business Advantage Banking account that are not transfers from other Bank of America accounts or Merrill investment accounts.
- ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
- Bank of America, N.A. Member FDIC
CIT Bank Platinum Savings - 4.10% APY Boost
- Needs to use promo code to qualify: CITBoost
- Boost lasts 6 months over standard APY
- Tiered account
- $100 minimum account opening
- Member FDIC
- No Monthly Service fees
- No account opening fees
With 6 month boost, you earn:
| Tier | Boost APY |
|---|---|
| Balance over $5,000 | 4.10%* |
| Balance less than $5,000 | 0.60%* |
After boost is completed, you will continue to earn our best standard rates:
| Tier | APY |
|---|---|
| Balance over $5,000 | 3.75%1 |
| Balance less than $5,000 | 0.25%1 |
Free Business Checking - Up to 1.3% APY
- 1.3% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
- $0 minimum opening deposit
- $0 monthly service fee
Free Checking Account for Small Business Owners
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
- Savings with up to 4.00% APY
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
